Gotta feel this year the festive sales are gonna be high again. Lots of pent up demand in the past 34 years.

Welcome to Retail Therapy's Private Community

Gotta feel this year the festive sales are gonna be high again. Lots of pent up demand in the past 3-4 years.

Festive Season

Festive Season- Grapevine

Welcome to Indian Startups's Private Community

Which period do Amazon/Flipkart record the lowest orders?
Is it the same for Meesho as well?

Low E-Com Order Period

Product analyst

So why are domestic flights more expensive than International flights?

I was checking flight to Ranchi for today it is showing 21k 

While today's
flights for Bangkok is 14k
flight for Dubai is 13k
flight for hongkong 16k

Why are flights so expensive nowadays?

Software Engineer

Welcome to News Discussion's Private Community

- The e-commerce sector in India is set to hire nearly one million gig workers and 250,000 contractual workers this festive season, according to a TeamLease report.
- Meesho, in partnership with logistics companies like Ecom Express, Delhivery, and Shadowfax, aims to create around 250,000 seasonal job opportunities, says Sourabh Pandey, General Manager for Fulfilment and Experience.
- Zepto plans to hire nearly 500 people across various roles including engineering, product, category, growth, and marketing.
- The hiring surge highlights the industry's role in job creation and its contribution to making India a $5 trillion economy by 2025, notes Balasubramanian A, Senior Vice-President at TeamLease Services.
- Quick commerce is expected to see a 35% sales increase this festive season, with companies expanding into new cities and diversifying their product portfolios to include electronics, beauty, home decor, and wellness products. 

 Source: [Business Standard](https://www.business-standard.com/industry/news/e-commerce-firms-focusing-on-quick-deliveries-this-festival-season-124081100274_1.html)

E-commerce Firms Focus on Quick Deliveries This Festival Season

Journalist

Welcome to Software Engineers's Private Community

Do you feel 2021 level of Job Market is back?

Suddenly the number of jobs have increased

Product Manager

- **Auto retail sales** in India dropped **9% YoY** in September due to **sluggish demand**.
- **Passenger vehicle sales** fell **19% YoY** to **2,75,681 units**.
- **Two-wheeler sales** declined **8% YoY** to **12,04,259 units**.
- **Commercial vehicle registrations** decreased **10% YoY** to **74,324 units**.
- **Tractor sales** rose **15% YoY** to **74,324 units**, while **three-wheeler sales** saw a slight increase.

Source: [Zee News](https://zeenews.india.com/auto/auto-retail-sales-drop-9-pv-inventory-rockets-to-record-high-2804066.html), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/auto-retail-sales-skid-9-in-sept-on-sluggish-demand/articleshow/114026457.cms)

India's Auto Sales Plummet Amid Festive Season

I can now comment 'Interested' on every hiring post

Consultant

Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

Layoffs - who do you blame?

Absolutely agreed. Hiring in hordes because money was easily available earlier and founders/companies thought that they will be able to build more and hence get more value / valuation sooner was the core reason why the skill to salary ratio got f’ed up. And it’s good that it’s being reset now. 
  
 Coming to who to blame for layoffs - no one. It’s pure capitalism - there was money, hence there were jobs. For whatever time people got paid a lot more than they deserved - they should be rather thankful. If they built their life around the assumption that this much money was the new normal, it was their naïveté. Companies got to survive, and they have to do whatever has to be done… as long as it’s ethical. Firing is fine. Not paying salaries / dues is not.

Founding Engineer

Software Lead

Being an investor in equity markets, i was aware of the fact that US market will crash as the free money by fed draws back. I obviously was not able to link this up with the funding dry-ness.

I still expect a founder to be aware of these economic events. I am curious how could the management decide to go for hiring employees only to lay them off a year later. 

If you are a founder, would be happy to know the other side of the story.

What triggered layoffs ?

Let me explain in detail. 
 There are two parts to it and can be broken down basis PnL 
 1. Revenues : Sudden jump in tech( social media, e-commerce, ad tech, fintech, etc) plus supporting industries (chipmakers, laptop / device manufacturer) and the general economy with QE money  
 This impacted forecasts as most firms forecast AOPs basis historically trend (which clearly was an abberation) - this lead to higher HC estimates and rampant and quick hiring  
 Variable costs: CAC, customer support, sales incentive all spiked up as 1. Everyone was putting money (inc bidding price for key words) and 2. Huge customer inflow due to covid (edtech, e-commerce) that required support  
 Fixed costs: While office space / rents remained steady or dropped as % of revenue. This was offseted by fixed tech (software, hardware, people) costs and other costs like (legal, HR, Business, Marketing, supply chain, etc.) the talent was expensive to source plus their need was instant as you already had customer to be served  
 All of this lead to rampant hiring, inflated CTC, rosy forecasts, etc.  
 everyone had turned a blind eye to inflation implications (as for the past 30 Y no one saw a shooting inflation - hence the key decisions makers had now experience & idea about it) - till Dec’21 even FED said inflation is transatory. 
 It was the Ukraine invasion that opened people eyes. Oil went up, food prices went up, UK Europe saw an energy crisis etc 
 This made all the rosy forecast mentioned above duller as 1. Demand was expected to reduce due to higher cost of living 2. Capital became scarce as funding drired 3. Cost of capital (WACC) became expensive as hurdle rate climbed (which is rate of return for bond)  
 Management and investor panicked as they have limited partners (LP) to answer and quess who are these (big pension funds) so people’s pension money had come into startups which were not showing signs of exit for investors. 
 All in all - it is a pain we all have to bare for being exuberant in 2021-2022:

Growth Manager

like ordering food at a discount or free food n number of times? 


Also, do yall put in extra hours/work on weekends in office during peak seasons(christmas, new year)?

Do Zomato folks get special zomato perks?

Business Analyst

Guys when will the IT hiring improve and return to late 2020/2021 levels. Any clues?

Data Scientist

After getting a bunch of 'buy a house' advice from my in-laws over the weekend, I decided to fire up magicbricks to check prices in Bengaluru. My browsing ended within 5 mins seeing just how much the prices have risen in last 1 year

A 3BHK that used to cost 2.3 Cr last year is now 3.7
A 2BHK that used to cost 1.8 Cr last year is now 2.7

These are two houses I had earmarked for sometime later when I would have more money

WTF is happening in BLR

Did you notice? Bangaluru housing prices have EXPLODED

Time to call in-laws and say that "Aap do jodo mei ladki bhejo ladki huio hamaari"

Analyst

Welcome to Office Gossip's Private Community

Wanted to know from people how much and how many festivals do u folks celebrate? Do u feel some occasions are just to extract money out of u like Valentine’s day? Just curious that which festivals for u are worth celebrating without a second thought on spending

Festival season starting…

- Airfares are increasing significantly for the upcoming Diwali and Onam festivals, with some routes seeing a 25% hike.
- Analysis by ixigo shows a 25% rise in fares for Delhi-Chennai flights during the October 30-November 5 period compared to last year.
- Popular routes like Delhi-Chennai, Mumbai-Bengaluru, and Delhi-Hyderabad are experiencing a 10-15% year-on-year increase in one-way fares.
- Some routes, such as Mumbai-Ahmedabad and Mumbai-Udaipur, have seen fare reductions of up to 27%.
- Civil Aviation Minister K Rammohan Naidu announced plans for an online grievance mechanism to address concerns over high airfares during peak seasons. 

 Source: [Business Standard](https://www.business-standard.com/industry/news/airfares-increase-up-to-25-for-diwali-onam-festival-season-travel-124081900632_1.html)

Airfares Surge Up to 25% for Diwali and Onam Festival Season

When can we expect the market to be up and we get the calls for hiring?
Currently, hardly any interview calls are approached.

When will the market be up?

Software Test - QA

Ladies and gents, it's retail therapy time. Let's talk about the best online deals this season.

I'll start, 
1/ Adidas has a 30% off on many many products including their shoes
2/ Aldo has a flat 50% off on all products
3/ Mokobara has 40% off on many products
4/ Ikea has 40% on several items
5/ Daily Objects - 50% off

[Thread] End of year shopping

Was speaking with 2 people I know who work at Amazon and Meta respectively. They both shared that spending on recruitment is going back up, because their orgs believe that by mid 2024, market will be back in full swing. 

Hoping this is true. Good times are back soon, if this ends up being. 

What do you guys feel? Anyone working at a large company and has similar internal projections that your org has made?

Heard from ppl in Amazon & Meta in the US, their internal projections for market recovery are June/July next year 🤞

When the whole world is coming to India for FTAs, this guy is writing a suicide story for already crippled Canadian economy. A “could be” statement from a Prime Minister 🥱

Disaster named “Trudeau”

And still a lot of people are migrating to so called crippling Canada over India speaks a lot about the situation in India ig.

Senior Associate

- Amazon India has announced the creation of over 1.1 Lakh seasonal job opportunities across various cities including Mumbai, Delhi, and Bengaluru.
- The company has hired thousands of women associates and 1,900 persons with disabilities as part of this hiring spree.
- The Competition Commission of India has found Amazon India and Flipkart guilty of antitrust violations.
- Amazon India has faced previous allegations of labor law violations, including poor working conditions for female employees.
- The ecommerce giant is gearing up for the festive season, competing with Flipkart, Meesho, and quick commerce platforms like Swiggy Instamart and Blinkit. 

 Source: [Inc42](https://inc42.com/buzz/ahead-of-festive-season-amazon-india-creates-1-1-lakh-seasonal-jobs/)

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